Intellectual Property Rights Could Lift Third World

A “grand bargain” was struck between the developed world and the underdeveloped world as the Uruguay Round of world trade talks concluded in 1994, the agreement that created the World Trade Organization in 1995. … Was it really a “grand bargain”?

No one has done the numbers since then, except Michael Finger, an economic researcher at Washington’s American Enterprise Institute who’s a visiting professor at Trinity University this spring.